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The AI in Business Podcast
Keeping Up with AI Regulations in a New Age of Data Privacy - with Stephanie McReynolds of OneTrust
Sep 30, 2024
15:01
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In this discussion, Stephanie McReynolds, Vice President of Product and Portfolio Marketing at OneTrust, shares her expertise on navigating the complex landscape of AI regulations. She highlights barriers to AI adoption and the vital role of data governance. Stephanie delves into the EU AI Act, outlining its implications for global compliance standards. She also emphasizes responsible AI use and the necessity for organizations to align their policies with practices, mitigating risks while embracing innovation in the realm of data privacy.
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Quick takeaways
- Privacy concerns, especially related to generative AI retaining data, significantly hinder organizational AI adoption and compliance efforts.
- The EU AI Act necessitates businesses to evaluate their AI systems for compliance and reassess risk management strategies effectively.
Deep dives
Barriers to AI Adoption
Organizations face several barriers to AI adoption, particularly in the context of generative AI. A significant concern among senior leaders is privacy, with 54% identifying it as the top obstacle according to a recent Gartner study. This stems from the way generative AI models operate, where they retain all data without the ability to forget, making it crucial for businesses to be cautious about the sensitive information they input into these systems. Without proper governance and protocols around data management, companies risk mishandling personal information, leading to serious compliance issues.
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